Revolve Group (NYSE:RVLV) Price Target Raised to $35.00

Revolve Group (NYSE:RVLV) had its price objective upped by Piper Sandler from $30.00 to $35.00 in a research report released on Wednesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other research firms also recently weighed in on RVLV. Barclays raised shares of Revolve Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $17.00 to $25.00 in a research note on Wednesday. Evercore ISI raised their target price on Revolve Group from $20.00 to $21.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 7th. UBS Group lifted their target price on shares of Revolve Group from $21.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wedbush restated a “neutral” rating and set a $19.00 price target on shares of Revolve Group in a report on Wednesday, August 7th. Finally, Robert W. Baird upped their price objective on Revolve Group from $24.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.19.

Revolve Group Stock Performance

Revolve Group stock traded down $0.87 during trading on Wednesday, reaching $32.41. The company had a trading volume of 284,946 shares, compared to its average volume of 1,007,679. The firm has a market capitalization of $2.29 billion, a PE ratio of 73.91, a price-to-earnings-growth ratio of 2.43 and a beta of 2.05. The firm’s 50-day simple moving average is $24.67 and its 200 day simple moving average is $21.09. Revolve Group has a 1-year low of $12.63 and a 1-year high of $33.82.

Revolve Group (NYSE:RVLV) last released its earnings results on Tuesday, November 5th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. The business had revenue of $283.15 million during the quarter, compared to analysts’ expectations of $271.08 million. Revolve Group had a net margin of 3.08% and a return on equity of 8.35%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.04 earnings per share. Analysts anticipate that Revolve Group will post 0.56 EPS for the current year.

Insider Activity at Revolve Group

In related news, major shareholder Mmmk Development, Inc. sold 6,493 shares of Revolve Group stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total transaction of $168,298.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Revolve Group news, major shareholder Mmmk Development, Inc. sold 6,493 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $25.92, for a total value of $168,298.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Mente sold 200,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $31.43, for a total value of $6,286,000.00. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company’s stock, valued at approximately $2,294,390. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 344,946 shares of company stock valued at $10,075,314 over the last three months. 46.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Revolve Group

Several institutional investors have recently modified their holdings of the company. Westfield Capital Management Co. LP acquired a new stake in Revolve Group in the first quarter valued at $33,735,000. Dimensional Fund Advisors LP grew its holdings in shares of Revolve Group by 22.1% during the second quarter. Dimensional Fund Advisors LP now owns 683,101 shares of the company’s stock worth $10,867,000 after buying an additional 123,745 shares in the last quarter. Marshall Wace LLP boosted its position in Revolve Group by 141.2% during the second quarter. Marshall Wace LLP now owns 478,623 shares of the company’s stock worth $7,615,000 after acquiring an additional 280,151 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Revolve Group by 55.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 376,620 shares of the company’s stock valued at $7,973,000 after acquiring an additional 134,775 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Revolve Group by 68.1% in the second quarter. Millennium Management LLC now owns 342,084 shares of the company’s stock valued at $5,443,000 after purchasing an additional 138,600 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.